Citigroup Increases Stake in IDACORP Energy Company

Institutional investor Citigroup Inc. grows its position in IDACORP, Inc. by over 100% in the third quarter.

Published on Mar. 2, 2026

Got story updates? Submit your updates here. ›

Citigroup Inc. has significantly increased its stake in IDACORP, Inc. (NYSE:IDA), the parent company of Idaho Power, according to a recent 13F filing with the Securities and Exchange Commission. The institutional investor added over 36,000 shares to its position, growing its ownership in the energy company by 102.8% during the third quarter.

Why it matters

IDACORP is a major electric utility serving over half a million customers in southern Idaho and eastern Oregon. Citigroup's increased investment signals confidence in the company's long-term prospects, as IDACORP continues to diversify its energy generation portfolio with a mix of hydroelectric, natural gas, wind, and solar assets.

The details

According to the 13F filing, Citigroup now owns 72,933 shares of IDACORP, worth approximately $9.6 million as of the end of the third quarter. This represents a significant increase from the 35,964 shares the firm held at the end of the previous quarter. IDACORP's stock price has risen steadily over the past year, reaching a 52-week high of $145.94 in February 2026.

  • Citigroup increased its IDACORP stake during the third quarter of 2025.
  • IDACORP's stock price reached a 52-week high of $145.94 in February 2026.

The players

Citigroup Inc.

A multinational investment bank and financial services corporation headquartered in New York City.

IDACORP, Inc.

A diversified energy holding company headquartered in Boise, Idaho, whose primary subsidiary is Idaho Power Company, a regulated electric utility.

Got photos? Submit your photos here. ›

What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Citigroup's increased investment in IDACORP reflects the financial institution's confidence in the energy company's long-term growth potential as it continues to diversify its power generation portfolio and serve its expanding customer base in the Pacific Northwest.